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IFAP to publish guide to the Green Budget

IFA Promotion is to encourage people inheriting money to plan their finances to avoid tax.

It believes it is likely that the Government will look to raise more revenue from IHT. It will produce a guide on IHT planning after the Chancellor&#39s Green Budget on November 25.

IFAP quotes findings from research firm Mintel showing that around 1.5 million people will inherit a total of £26bn in 1997/88.

Manager Ann-Marie Martyn says: "With less than one in 10 estates taxed, raising just £1.5bn, or around 1.5 per cent of the total tax take, it seems likely that the Chancellor will see an opportunity to raise extra revenue from inheritances. Our free Green Budget Guide to Planning a Legacy or Receiving an Inheritance is designed to help and will be available shortly after the Chancellor&#39s announcement."


Don&#39t tarnish ISA with brush of high commission

Fears for the future scope of the Individual Savings Account are throwing up curious reactions. Now, it seems that charges and commission are taking centre stage. Should they? Last week, Credit Suisse Asset Management Funds said it would offer up to 5 per cent initial commission on lump-sum Peps. NPI said it planned a no-load […]

NAPF highlights pension erosion

The National Association of Pension Funds has attacked the Government for “drilling holes” into the returns from occupational pension schemes. The attack comes as the NAPF published its annual survey of company pension schemes last week. The survey shows that the Pensions Act 1995 and the decision in the last Budget to axe tax credits […]

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Pension Wise — now taking calls…

Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.


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